SOA Exam FAM Sample Question 7.33
Study guide: Exam FAM
For a special semi-continuous 20-year endowment insurance on (70), you are given:
i) The death benefit is 1000
ii) The endowment benefit is 500
iii) Mortality follows the Standard Ultimate Life Table
iv) Deaths are uniformly distributed over each year of age
v) The annual net premium is 35.26
vi) i = 0.05
Calculate the net premium policy value at the end of year 10.
[Question on October 2022 FAM-L Exam]
- A) 268
- B) 272
- C) 276
- D) 280
- E) 284
Answer this question and see the worked solution